REI Lense

REI Lense

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$1,901 (target)

333 Northwood Ln, Salem, IL 62881

3 beds • 2 baths • 1600 sqft

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This property might be a fair Long-Term investment with a projected 6.73% first-year return on $38,325 initial cash invested.

6.73%

Cash On Cash

8.46%

Cap Rate

1.32

DSCR

$1,901

Rent

$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,901 income − $1,686 expenses = $215 cash flow

Income$1,901Mortgage P&I$97651%Property Taxes$1528%Insurance$643%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%Cash Flow$215

Investment Breakdown

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Purchase Price

$183k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,325

Downpayment

20%

$36,500

Closing costs

1%

$1,825

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,901

Total Expenses

$1,686

Mortgage P&I

51%

$976

Property Taxes

8%

$152

Home Insurance

3%

$64

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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